Recent Cases Nov 19, 2021

Sportscene Group Enters Into a Privatization Agreement for a Cash Consideration of $7.25 Per Share

Sportscene Group Inc. ("Sportscene") has recently entered into a definitive business combination agreement after which our clients, Sportscene's President and Chief Executive Officer, Jean Bédard, and a consortium of Québec-based investors led by Champlain Financial Corporation, acquired through a newly-incorporated company, all of Sportscene’s issued and outstanding Class A shares for $7.25 per share.

Under the terms of this transaction, Sportscene will become a private company for a total consideration of approximately $51.25M, which excludes the value of certain shares and options of the Company held by Jean Bédard and his affiliate, and its shares will cease to be listed on the TSX Venture Exchange. The privatization of Sportscene will streamline its operations and allow it to better pursue its strategic plan.

Groupe Sportscene is a pioneer and leader in the Québec restaurant industry, operating the La Cage - Brasserie Sportive restaurant network since 1984. Sportscene continues to diversify its restaurant offering, notably by operating an Asian cuisine restaurant, P.F. Chang’s.

Champlain Financial Corporation has been a Canadian private equity firm based in Montréal since 2004. It manages assets under management of more than $800M through a portfolio of 22 companies located mainly in Quebec in the consumer products, food processing, retail and distribution industries.

BCF is proud to have contributed to this transaction carried out by a team composed of Mario Charpentier, Gilles Seguin and Jean-Christophe Imbeau (Corporate Finance and Securities) and supported by Mireille Fontaine, Vincent Garibaldi, Thomas Champagne, Laurence Babin and Pascal Gagnon (Corporate Finance and Securities), Anne-Frédérique Bourret, Eleonora Eusepi, Caroline Emond and Alessia Talarico (Environmental and Real Estate), Kevin Vincelette and Stefania Fratianni (Labour) and Mehrez Houacine (Tax).

To read the press release, click here (in French only).

Stay on the lookout!

Subscribe to our communications and benefit from our market knowledge to identify new business opportunities, learn about innovative best practices and receive the latest developments. Discover our exclusive thought leadership and events.

Subscribe

You would also like

Financial_Markets_BCF

Key shortcomings identified in examinations, continuous disclosure documents, and prospectuses

Québec Companies in Canadian Capital Markets: A Year of Growth Amid Structural Shifts

Rencontre au Sommet

Rencontre au Sommet: Turning Economic Challenges into Collective Opportunities

Laboratoire

Epitopea and MSD join forces to advance immuno-oncology research

Entrepreneurship forum

Entrepreneurship Forum: Vision 2025

Tech Forum 360

Tech 360 Forum: Growth and Inflection Points

lexpert

28 Professionals Stand Out in the Canadian Legal Lexpert Directory 2024

Prospera: Québec’s Economic Barometer

Canada's Best Managed Companies: BCF Recognized for 17th Consecutive Year

deal

Damotech Receives Strategic Investment from Mountaingate Capital in its Transaction with Mac Rak

kitchen-blue-pots

Doyon Després Acquires First Branch Outside Québec

BCF extends its Partnership with the Canadian Association of Black Lawyers to a Third Year

Chambers Canada Ranking: Five of our Lawyers Recognized

Photo of Julie Doré

Julie Doré Takes Over Management of The BCF Business Law Firm

BCF Welcomes Five New Up-and-Coming Lawyers

Prospera – Quebec Economic Barometer

Julien Tricart, Member of the Meritas Sports Law Group

Four new shareholders take over Groupe RCM

Pride Month: Let’s Create an Inclusive Future

Canada’s Best Managed Companies: BCF Recognized for 16th Consecutive Year

NCP Capital Partners Acquires Majority Stake in Manufacturer WR Transformers Inc.

OMY Laboratories secure $11 million in financing to expand into the North American cosmetics market

The non-profit organization SOLIDES gets its hands on 363 doors in a major transaction to curb the housing crisis in Drummondville

Every Woman Counts

Strategic Forum on the Role Played by Businesses in the Fight Against Climate Change

BCF Partners with the Canadian Association of Black Lawyers to Promote Diversity in Québec Law Faculties

BCF's More Inclusive Approach: Improved Parental Leave

Shaun E. Finn Appointed to the Superior Court of Québec

How to Ensure a Business Succession?

Athos Commemorative Services Acquires Les Espaces Memoria Inc.

OPTEL Obtains Support from Fondaction and BDC Capital to Realize its Growth Projects

Strategic Forum on Market Consolidation and Business Succession

BCF Partners with the Clinique Juridique de Saint-Michel to Promote Access to Legal Studies for Young People from Diverse Communities

43 BCF Professionals Stand Out with 78 Nominations in the 2023 Editions of Best Lawyers in Canada and Ones to Watch

Sportscene Group Becomes Grandio Group and Expands its Brand Portfolio

Adoption of Bill 96: Be Ready

Pride Month: The Value of Diversity

Strategic Alliance between Desjardins Capital and Orthogone Technologies

BCF, the 3rd Largest Law Firm in Québec

Canada’s Best Managed Companies: BCF Recognized for 15th Consecutive Year

See What Others Don’t: Solutions to Labour Shortage

BCF Welcomes Three New Partners

Geneviève Martin Recognized as a Lexpert Rising Star 2021

Rogers Communication Inc.’s Surreal Case – Could this Happen in Québec?

PayFacto announces Equity Investment by Flexpoint Ford and BMO Capital Partners

IFLR1000 Canada: BCF Recognized Once Again as one of the top Corporate and Finance law Firms in Quebec

46 Lawyers of BCF Stand Out with 83 Recognitions in the 2022 Editions of Best Lawyers in Canada and Ones to Watch

Seven New Lawyers Join BCF

150 Million in Investments for Fonds QScale S.E.C.

Premier Health of America closed a $7.5M bought deal public offering

Our Partners Stand Out in the Canadian Legal Lexpert Directory

Economic Recovery Strategic Forum

NCP Capital Partners Acquires a Majority Stake in Beauce Caoutchouc Inc. and its Subsidiary UCB Inc.

Adoption of Bill 42: Mandatory Disclosure of Nominee Agreement with Tax Consequences

Equity Crowdfunding in Canada: What You Need to Know about the Latest Regulatory Changes

23 BCF Partners Ranked in the Canadian Legal Lexpert Directory

36 Lawyers of BCF Stand Out with 52 Nominations in the 2021 Edition of Best Lawyers in Canada

Equity Crowdfunding: An Alternative to Traditional Financing Not Enough Used by SMEs

BCF Welcomes Six New Lawyers in its Team

IFLR1000 Canada: BCF Ranked Among Quebec’s Leading Financial and Corporate Law Firms

Maibec Acquires CanExel Brand

Does Your Company Have Continuous Disclosure Obligations in the Securities Industry? You May Be Eligible for an Extension

COVID-19: Tax and Financial Measures Announced in Response to the Pandemic

COVID-19: Managing Your Liquidity and Cash Flow

A Major $145 Million Investment for Alliance Magnesium

Areas of Innovation to Generate Growth

You seek investors? Prepare adequately

Reverse Takeovers: An Alternative to the Traditional Initial Public Offering

Do Quebec Businesses Attract Foreign Investors?

Foreign Investment Strategic Forum

Trudel Alliance Buys 7 Shopping Centres in Quebec City for $165M

Are You a Leader or a Follower?Results of the Innovation Survey

Infrastructure and Major Projects: Dare to Think Big

Strategic Forum on Innovation

Innovating to Survive: Are You a Leader or a Follower?

BCF represented TeraXion Inc. in a major transaction

Humania Assurance Acquires All the Assets of Tour+Med

Best Lawyers in Canada: 22 BCF Lawyers Recognized

Prevtec Microbia to be Acquired by Elanco

BCF Participates in a Reverse Takeover

Health Canada Is Changing its Cannabis Licensing Process

16 BCF Partners Recognized in the Prestigious Canadian Legal Lexpert Directory

Define the Future we Want: Equal, Inclusive and Diverse

lunettes

Is Canadian Taxation Fair?

jumelles-de-vue

In The Globe and Mail this Week: Stock Exchange Listings, Unsolicited Bids, and Talent Attraction

Corporate Financing Strategic Report

multicolor

Targeting an IPO in 2019? What Unicorns Should Expect

voilier

A Flexible Tool to Support a Company’s Growth: Mezzanine Debt

pont-en-dessus

How Did Venture Capital Fare in Quebec in 2018 and What Can We Expect to See Next?

fusee

What Issues Can Arise During a Series A Financing Round?

escalier

How to Go About Pre-seed and Seed Funding?

palais-justice

The Canadian Securities Commission?

vitesse

Capital Pool Companies: A Little-Known But Effective Financing Vehicle

agriculture

Public funding in the cannabis industry

piliers

Can a Demand for Share Redemption Lead to a Loss of Shareholder Attributes?

structure-beton

The Impact of Restrictive Covenants When Obtaining Bank Financing

design-immeuble

Venture capital financing instruments: Which way to go?

immeubles-sans-logo-bonne-dimension

Corporate Financing Strategic Forum

Obtaining Financing and the Inherent Challenges of the Cannabis Industry

BCF Plays a Major Role in The Acquisition of a Québec Cannabis Producer by Emerald Health Therapeutics

BCF at the Forefront of Delma Group's Listing

Bill 176 Modifying the Labor Standards: Significant Impacts for Employers

Get the latest thought leadership